Question

Managers at Bigbux Bank get a performance appraisal once a year. Bigbux uses an evaluation process that provides feedback about performance not only from superiors but also from subordinates and other managers at the same level. This type of evaluation is known as a(n)

Answer 1

360-degree appraisal

Step-by-step explanation:

A type of performance appraisal where a particular employee is assessed by same-level colleagues, managers and subordinates is called a 360-degree appraisal. This is one of the most effective types of performance appraisals, as it includes constructive feedback from various perspectives - which are relevant for proper and thorough assessment.

Sometimes, feedback and appraisal just from one employee type (manager or subordinate) is not relevant and complete. Then, a 360-degree appraisal is a great choice.